Senior Manager, Business Risk Initiatives, RBC Wealth Management

Job Summary

Job Description

What is the opportunity?

As the Senior Manager, Business Risk Initiatives, you will provide expertise, advice, and counsel to senior management to enhance our ability to anticipate and manage business risk effectively.

You will support Wealth Management (WM) Operational Risk and Shared Services (OR&SS) in leading segment-wide initiatives to promote best risk practices across WM.

Reporting to the Director, Business Risk, you will lead in the design and execution of Business Risk initiatives by engaging with stakeholders across RBC including WM, other RBC segments, Group Risk Management, and other Centres of Governance.

You will own, lead, and manage the Risk Appetite process for RBC WM globally, including the quarterly reporting and annual refresh exercises, and also lead the robotic process automation governance framework implementation.

What will you do?

• Develop, refine, and support segment-level business risk initiatives to drive best risk practices across WM, acting as a risk methodology lead to promote a culture which facilitates a robust and disciplined approach to managing risk
• Lead the Risk Appetite quarterly reporting and annual refresh exercises, liaising with all areas of WM to provide consolidated risk appetite reporting for the Segment and all six lines of business including legal entity reporting, refining metrics reporting and increasing information transparency
• Lead the implementation and further development of the robotic process automation (RPA) governance framework, including the RPA risk assessment process
• Complete business risk reviews, lead business risk initiatives, and provides expert feedback on the operational risk impact of major change initiatives, process improvements and transformational projects
• Perform management-requested analysis, reviews, and reporting for senior management within WM, enabling strategic decision making
• Understand WM's Operational Risk program and key drivers such as OREs, KRIs, RCM, ICMP, RCSAs, and issues management in order to drive change and promote best risk practices
• Other projects, as assigned

What do you need to succeed?

Must-have

• University Degree with over 8 years of financial industry experience in areas such as operational risk, audit, or compliance functions
• Strong problem solving, analytical (including qualitative and quantitative analysis), and research skills
• Ability to work independently & efficiently under tight timelines, as well as deal effectively with senior management and multiple stakeholders
• Strong communication skills and the ability to present information clearly
• Advanced knowledge and experience using Microsoft Excel, PowerPoint, and Tableau
• People management experience

Nice-to-have

• MBA or CPA or CFA
• Knowledge of Wealth Management and RBC's products, processes, and organization
• Ability to create an impact on the business and influence others

What's in it for you?

We thrive on the challenge to be our best, progressive thinking to keep growing, and working together to deliver trusted advice to help our clients thrive and communities prosper.

We care about each other, reaching our potential, making a difference to our communities, and achieving success that is mutual.

• A comprehensive Total Rewards Program including bonuses and flexible benefits, competitive compensation, commissions, and stock where applicable
• Leaders who support your development through coaching and managing opportunities
• Ability to make a difference and lasting impact
• Work in a dynamic, collaborative, progressive, and high-performing team
• Flexible work / life balance options
• Opportunities to do challenging work
• Opportunities to take on progressively greater accountabilities
• Access to a variety of job opportunities across business

Job Skills

Analytical Thinking, Communication, Financial Instruments, Operational Risk Assessment, Operation Risk Management, Project Management, Risk Appetite, Risk Assessments, Risk Control, Risk Management, Risk Reporting